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Wexford County, Michigan · 2025

Mortgage lenders in Wexford County, MI: denial rates and top lenders (2025)

152 lenders acted on 1,441 mortgage applications for properties in Wexford County in 2025. 19.4% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $145,000; median property value $265,000.

1.4kApplications
19.4%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$145,000Median loan
$265,000Median property value

Largest lenders in Wexford County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Huntington National Bank D 16071 31.3%7.54%
2 Rocket Mortgage C 10972 18.4%6.50%
3 Horizon Bank A 10880 13.0%6.00%
4 United Shore Financial Services B 10777 6.5%6.50%
5 Fifth Third Bank D 8528 40.0%6.92%
6 4Front Credit Union B 5023 14.0%7.50%
7 Mercantile Bank C 4830 22.9%7.00%
8 Newrez D 3716 18.9%6.63%
9 Guild Mortgage A 3630 2.8%6.93%
10 Mortgage Research Center C 3517 14.3%6.13%
11 Mortgage 1 A 3324 3.0%6.63%
12 Lake Michigan Credit Union A 3118 9.7%6.81%
13 J. Virgil B 2413 12.5%6.63%
14 Crosscountry Mortgage B 185 5.6%6.74%
15 Freedom Mortgage B 189 22.2%6.38%
16 Union Home Mortgage B 1711 5.9%6.25%
17 Northpointe Bank C 1510 0.0%6.88%
18 GreenStone Farm Credit Services, FLCA A 1510 0.0%7.10%
19 Pennymac Loan Services C 147 28.6%6.25%
20 Credit Union One D 1410 28.6%6.81%
21 Independent Bank C 149 28.6%7.50%
22 New Day Financial F 134 23.1%6.99%
23 Broker Solutions D 123 16.7%6.49%
24 MICHIGAN STATE UNIVERSITY Federal Credit Union C 128 8.3%7.73%
25 Flagstar Bank C 117 18.2%6.63%

Best approval odds in Wexford County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1United Shore Financial Services868.1%
2Horizon Bank10413.5%
3Rocket Mortgage9920.2%
4The Huntington National Bank13636.8%
5Fifth Third Bank6254.8%

What Wexford County borrowers applied for

By loan purpose

Home purchase 549 38% · 11.1% denied
Refinance 217 15% · 18.4% denied
Cash-out refinance 318 22% · 21.1% denied
Home improvement 166 12% · 28.3% denied
Other / HELOC 191 13% · 33.5% denied

By loan type

Conventional 1,061 74% · 20.6% denied
FHA 238 17% · 17.7% denied
VA 131 9% · 13.7% denied
USDA / RHS 11 1% · 9.1% denied

Why applications were denied

Credit history 82 30%
Debt-to-income ratio 60 22%
Collateral 48 17%
Other 38 14%
Incomplete application 26 9%
Unverifiable information 10 4%
Employment history 8 3%
Insufficient cash 5 2%

Wexford County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,10064720.2%7.13%$115,000
20241,18763220.6%7.13%$135,000
20251,44179619.4%6.75%$145,000

Frequently asked questions

19.4% of applications in Wexford County were denied in 2025, against 18.5% statewide in Michigan.

The Huntington National Bank, with 160 applications in 2025 and a denial rate of 31.3%.

The median mortgage application in Wexford County in 2025 was for $145,000; the median property value on originated loans was $265,000.